Ministry Foretells Half a Billion Br Water, Energy Projects

Jul 1 , 2023


Two projects targeting energy sources to ensure an eco-friendly and reliable power and water supply are underway with the Danish government signing a 555 million Br development plan last week. The agreement was signed between State Minister Semerta Sewasew and the Danish Ambassador, Kida Sindbjerg with plans to partner with Ethiopian Electric Power (EEP), Ethiopian Electric Utility (EEU), and the Ministry of Water & Energy. The project managers hope to enhance the utility of groundwater in Dire Dewa and Hawassa cities. The Danish government has been assisting various developmental and humanitarian programs in Ethiopia, including the WASH program launched back in 2021 by UNICEF which ought to increase access to sanitary services by 2025 for 1.6 billion Br.


Radar

Ethiopia Revives WTO Ambitions After Five-Year Stall

Ethiopia's trade delegation led by Kassahun Gofe (PhD), a chief negotiator in the WTO accession talks, is reviving a long-stalled effort to join the World Trade Organisation (WTO), signalling renewed ambition following a five-year hiatus. He travelled last week to Geneva, Switzerland, where the WTO is headquartered, to conclude negotiations for membership by March next year. If successful, Ethiopia's accession to the world's trade body will be timed, with the 14th ministerial conference set t...


Radar

First Digital Insurance, Loan Services Launched

A new digital insurance and loan service platform christened 'Agar' - translated as a partner - has debuted in the market, marking a notable entry into the financial sector. The initiative, a collaboration among Global Bank Ethiopia, Lucy Insurance, and Kacha Digital Financial Services, pledged to transform access to insurance and credit for various user groups, including insurance policy buyers, taxi drivers, and salaried employees. For Abraham Tilahun, CEO of Kacha Digital Financial Service...


Radar

City Forms Task Force to Regulate Informal Street Vendors

A new task force under the city administration will enforce new regulations designed to restore order on the streets of Addis Abeba and address concerns over cleanliness and public safety. The task force has been established to enforce regulations imposed on informal street vendors. The city's Trade Bureau launched the initiative to address the increasing informal trading, which city officials say has been "disruptive to the established trade system." The task force is headed by Deputy Mayor...